Meaning of “extractive industry” in the English Dictionary

business-english dictionary

"extractive industry" in Business English

See all translations

extractive industrynoun [ C ]

uk us plural extractive industries

PRODUCTION, NATURAL RESOURCES the people, companies, and activities involved in removing oil, metals, coal, stone, etc. from the ground:

Like the other extractive industries that preceded it here, the oil industry has been enormously important in sparsely populated Alaska.

(Definition of “extractive industry” from the Cambridge Business English Dictionary © Cambridge University Press)